Insider Sellers Might Regret Selling Herc Holdings Shares at a Lower Price Than Current Market Value

Simplywall
2025.04.06 14:26
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Herc Holdings Inc. (NYSE:HRI) has seen a 12% decline in value over the past week, while insiders sold $22 million worth of stock at an average price of $203, which is lower than the current market price of $122. The largest insider sale was by President Lawrence Silber, who sold shares for $11 million at $246 each. Despite no recent insider purchases, insiders own about $46 million worth of shares, indicating some alignment with shareholders. Caution is advised due to potential risks facing the company.